APAC MONDAYS

GEOPOLITICAL RISK+GLOBAL MARKETS

APAC MARKETS IMPACT + OPPORTUNITY

GLOBAL BUSINESS

Chinese acquisitions of US companies plunge 95 per cent in 2018 amid trade war -SCMP

·         Major buyers including HNA and Anbang have pulled back since 2016 as Beijing looked to bring capital back to encourage domestic growth

·         The sharp decline contrasted with an increase in global mergers and acquisitions by Chinese buyers, including a large buying spree in Europe

An American Hotel That Reports to the Chinese State Council Chinese state enterprises’ quiet investments in the U.S. -The Diplomat

HNA’s US$41 million loss on building sale near Trump Tower is the latest price paid by Chinese firms for Donald Trump’s chokehold on China -SCMP

·         The Chinese conglomerate sells its mid-Manhattan office building at a loss little more than two years after buying it

·         The sale follows US concerns that HNA’s ownership posed a security threat

Apple’s China woes are due to overpriced iPhones, say netizens -Tech-in-Asia

Chinese eye largest Philippine shipyard after Hanjin default Former US base offers hub for Beijing projects -Nikkei  

Coincheck wins approval to run cryptocurrency exchange a year after massive theft About a year after a massive digital heist that shocked the cryptocurrency industry around the world, Japan’s financial watchdog gave Coincheck Inc. the green light Friday to officially run a virtual currency exchange. -The Japan Times

India's online sellers to appeal against competition commission's Flipkart ruling A group representing online sellers in India will appeal against the Competition Commision of India’s (CCI’s) ruling in favour of Walmart-owned Flipkart, the group’s lawyer Chanakya Basa said in a release on Saturday. -Reuters

YouTube Emerges as a New Tool for South Korean Whistleblowers A recent case underscores the changing trend of Korean whistleblowers — and the longstanding challenges they continue to face. -The Diplomat

Philippines rejects Go-Jek application The Philippine Land Transportation Franchising and Regulatory Board (LTFRB) has rejected the request from Indonesian ride-hailing company Go-Jek to operate in the country because of a local regulation on corporate ownership. -The Jakarta Post

Myanmar Court Upholds Convictions of Two Reuters Journalists A court in Myanmar rejected the appeal on Friday of two Reuters journalists sentenced to seven years in prison for reporting on atrocities against the country’s Rohingya minority. -NYT

GLOBAL MACRO

Whither the Chinese Consumer? Between 2010 and 2017, consumer spending in China increased by almost $3 trillion dollars, and global brands came to rely on the Chinese market for a growing share of sales. But now that Apple has revised downward its expected revenues, citing slowing Chinese growth, the outlook for such firms – and for the world economy – has dimmed. -Project Syndicate

Bank of China to enable payment in yuan on U.S. e-commerce platforms: Xinhua -Reuters

Why China is determined to connect Southeast Asia by rail Planned 3,000-km rail network raises debt, sovereignty concerns -Nikkei

Competing Against Chinese Loans, U.S. Companies Face Long Odds -NYT

Rising labor costs biggest threat to Japanese firms in Asia: survey Eighty-six percent of respondents in Thailand said they worried about labor costs, as did 84 percent of those in South Korea, 83 percent in Indonesia, and 80 percent in each of Australia, Malaysia and Vietnam. -The Japan Times

Xi’s remarks negative for local economy: Moody’s China’s reiteration of its goal to bring Taiwan into its fold and rejection of negotiations are credit negative for Taiwan, as cross-strait tensions would hurt Taiwan’s economy and balance of payments, as well as the effectiveness of it policies, despite its strong economic and financial buffers, Moody’s Investors Service said on Monday last week.

Coal expected to be Australia's most valuable export in 2018-19 Recovering demand lifts prices, underscoring dependence on China -Nikkei

E-commerce businesses subject to new tax law in April E-commerce businesses will soon be required to have tax numbers (NPWPs) and report their recapitulation of trade transactions to the Finance Ministry following its newly issued regulation on taxation for online trade transactions. -Jakarta Post